Sylvia Lyon

The $789 million Charter Oak Federal Credit Union in Groton, Conn., named Michael Ballirano manager of its new branch to open in June at its new headquarters complex in Waterford, Conn. He currently is manager of Charter Oak's Montville and Niantic branches and joined the credit union in 2011.

As of June 30, New Mexico credit unions were thriving with a return on assets of 101 basis points, according to NCUA quarterly mapping data. That’s well above the national average of 0.86% ROA. However, the so-called fiscal cliff could curse profitability for credit unions in the Land of Enchantment.